Silicon Valley MarketBeat Reports

Julie Leiker • 1/14/2020
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

 

Learn more about our local markets and property types by clicking our most recent Silicon Valley MarketBeat reports below.


The U.S. economy ended the year on an optimistic note. Businesses continued to add jobs at a healthy clip. Employment in the key office-using sectors increased by 150,000 jobs in the fourth quarter. Consumer confidence remains high. Wages are rising faster than inflation, yielding extra spending power, reflected in the 18.8% increase in online shopping over the holiday season.

Current Marketbeats

Office MarketBeat Report
Q4 2019 Silicon Valley Office Report

Silicon Valley’s office vacancy rate fell to 9.2% during the fourth quarter of 2019, a drop of 60 basis points from 9.8% in the third quarter.

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Industrial MarketBeat Report
Q4 2019 Silicon Valley Industrial Report

The current overall vacancy rate of Silicon Valley, 3.8%, translates into 4.4 million square feet (msf) of space, which is up from 3.0 msf one year ago.

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Office MarketBeat Report
Q4 2019 Silicon Valley R&D Report

The average asking rent for R&D space in Silicon Valley increased slightly from $2.60 per square foot (psf) in the third quarter to $2.69 psf on a monthly triple net basis. This is a 12.1% increase from one year ago when the asking rent was $2.40 psf. The northern Silicon Valley cities continue to outperform the market averages posting the highest rents, with Palo Alto at $6.93 psf, Mountain View at $4.55 psf, and Menlo Park at $4.43 psf.

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Retail MarketBeat Report
Q4 2019 Silicon Valley Retail Report

The overall retail industry in Silicon Valley is quite healthy benefiting from positive economic fundamentals in the region. The retail market ended the fourth quarter of 2019 with an overall vacancy rate of 4.4%, down 40 basis point (bps) from 4.8% last quarter and 10 bps from 4.5% one year ago.

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Office MarketBeat Report
Q4 2019 Central Coast Office Report

Over the last 12 months, the supply of available space in the Central Coast office market decreased from 5.6% to 5.0% in the fourth quarter of 2019. The average asking rate increased closing the quarter at $1.96 per square foot on a monthly full service basis.

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Industrial MarketBeat Report
Q4 2019 Central Coast Industrial Report

The supply of available space in the Central Coast industrial market remained flat in the fourth quarter ending at 2.9%.

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Industrial MarketBeat Report
Q4 2019 Central Valley Industrial Report

Industrial vacancy in the Central Valley closed the quarter at 6.3%, reflecting a 120 bps increase from the third quarter, though flat year-over-year (YOY).

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Featured Insights: Current U.S. MarketBeats

Q4 2019 U.S. Office MarketBeat Snapshot
MarketBeat • Office

Office Reports

Remarkably stable vacancy rate reflects solid demand in the fourth quarter of 2019.
Revathi Greenwood • 1/16/2020
Q4 2019 U.S. Industrial MarketBeat Snapshot
MarketBeat • Industrial

Industrial Reports

After a slow start to the year, the industrial market finishes the decade strong.
Carolyn Salzer • 1/16/2020
Q4 2019 U.S. Retail MarketBeat Snapshot
MarketBeat • Retail

Shopping Center Reports

2019 ended on a positive note with consumer spending rising at a healthy pace and retail sales up.
Garrick Brown • 1/17/2020

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